In a bid to empower religious leaders and actors to prevent and counter Incitement to Violence that could lead to atrocity crimes, the International Dialogue Centre (KAICIID) has decided to join forces with the United Nations. The plan was launched on 14 July 2017 by Secretary-General António Guterres at a […]
High hopes that Nigeria’s economy will get out of recession might be prolonged further. June inflation as released by the National Bureau of Statistics shows that the index marginally reduced to 16.1%. When compared to 16.25% in May, it is becoming clearer that the inflation rate might have reached a […]
The Socio-Economic Rights and Accountability Project (SERAP) has pleaded with the Attorney-General of the Federation and Minister of Justice Mr. Abubakar Malami, SAN to institute legal action to recover over NGN40 billion dubiously earned in double payment, by former Nigerian state governors, who are now either senators or ministers. In […]
The Central Bank of Nigeria (CBN) has infused more funds around USD142.5 million into the inter-bank foreign exchange (Forex) days after intervening in the retail segment of the market with USD254.3 million. Spokesperson of the CBN, Mr Isaac Okorafor confirmed in a statement that the apex bank would continue to […]
Latest data from traders shows that Nigeria’s investor’s Forex trading window has witnessed a net trading of USD3.8 billion since the 24th of April when the market was opened. It would be recalled that the window was created to boost the supply of Forex in Africa’s largest economy after more […]
In a bid to reduce the country’s dependence on crude oil, Nigeria’s parliament has approved a national gas policy which seeks to increase gas exploration and facilities, the oil ministry said in a statement. The policy was passed in last week’s cabinet session but only made public on Wednesday. Without […]
The Economic and Financial Crimes Commission (EFCC) says it has recorded about 113 convictions nationwide between January and June, 2017. The Commission’s Acting Chairman, Ibrahim Magu made the disclosure at an interactive meeting with stakeholders in Ikoyi, Lagos. The feat was made possible by the contributions and support of stakeholders, […]
The Federal Government of Nigeria has released the sum of NGN420.2 million to the film industry popularly known as Nollywood to improve and support aspiring practitioners. Confirming this, the Deputy Director of Information, Federal Ministry of Finance, Mrs Patricia Deworitshe said the money, which is the second tranche payment will […]
Nigeria’s Central Bank, CBN said it will sell at least USD100 million at today’s Forex auction market. The sales are part of the effort of the CBN to improve USD liquidity in Nigeria’s financial markets which has seen a recovery in Forex availability. The CBN in a note to commercial […]
The Lagos State Government has announced plans to train about 12000 final year students of tertiary institutions in the State with the right skills to add value to the society. It stated that the scheme is designed to help the student imbibe entrepreneurship and employability initiative. Taggedc ‘Ready. Set. Work’ […]